EQLI.TO Alternatives & Similar ETFs

Invesco S&P 500 Equal Weight Income Advantage ETF (EQLI.TO) belongs to the S&P 500 category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with EQLI.TO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to EQLI.TO

EQLI.TO charges 0.29% annually. There are 12 ETFs in the S&P 500 category with lower expense ratios, going as low as 0.09%.

Symbol	Name	Expense Ratio	AUM	Inception
ZSP.TO	BMO S&P 500 Index ETF	0.09%	24.35B	Nov 2012	EQLI.TO vs ZSP.TO
XUS-U.TO	iShares Core S&P 500 Index ETF	0.09%	—	Oct 2019	EQLI.TO vs XUS-U.TO
VSP.TO	Vanguard S&P 500 Index ETF (CAD-hedged)	0.09%	6.11B	Nov 2012	EQLI.TO vs VSP.TO
XUS.TO	iShares Core S&P 500 Index ETF	0.09%	13.11B	Apr 2013	EQLI.TO vs XUS.TO
XSP.TO	iShares Core S&P 500 Index ETF (CAD-Hedged)	0.09%	15.74B	May 2001	EQLI.TO vs XSP.TO

Best Risk-Adjusted Alternatives to EQLI.TO

EQLI.TO has a PortfoliosLab risk / return rank of 88. There is 1 ETF in the S&P 500 category with a higher risk-adjusted rank, going as high as 90.

Symbol	Name	Risk / Return Rank	AUM	Inception
USSL.TO	Global X Enhanced S&P 500 Index ETF	90	11.27M	May 2024	EQLI.TO vs USSL.TO
USCC.TO	Global X S&P 500 Covered Call ETF	86	563.51M	Sep 2011	EQLI.TO vs USCC.TO
USCL.TO	Global X Enhanced S&P 500 Covered Call ETF	85	250.73M	Jul 2023	EQLI.TO vs USCL.TO
XUSC.TO	iShares S&P 500 3% Capped Index ETF (CAD Units)	81	—	Jul 2024	EQLI.TO vs XUSC.TO
VFV.TO	Vanguard S&P 500 Index ETF	79	34.09B	Nov 2012	EQLI.TO vs VFV.TO

Top Performing EQLI.TO Alternatives (YTD)

EQLI.TO is at 14.20% YTD. There are 4 ETFs in the S&P 500 category with higher YTD returns, going as high as 16.11%.

Symbol	Name	YTD Return	AUM	Inception
USSL.TO	Global X Enhanced S&P 500 Index ETF	16.11%	11.27M	May 2024	EQLI.TO vs USSL.TO
EQL.TO	Invesco S&P 500 Equal Weight Index ETF CAD	15.83%	3.02B	May 2018	EQLI.TO vs EQL.TO
XUSC.TO	iShares S&P 500 3% Capped Index ETF (CAD Units)	14.74%	—	Jul 2024	EQLI.TO vs XUSC.TO
USCL.TO	Global X Enhanced S&P 500 Covered Call ETF	14.62%	250.73M	Jul 2023	EQLI.TO vs USCL.TO
XUS.TO	iShares Core S&P 500 Index ETF	13.88%	13.11B	Apr 2013	EQLI.TO vs XUS.TO

Lowest Volatility Alternatives to EQLI.TO

EQLI.TO has 9.18% 1-year volatility. No ETFs in the S&P 500 category have lower 1-year volatility; the lowest-volatility alternatives shown here go as low as 10.05%.

Symbol	Name	Volatility 1Y	AUM	Inception
USCC.TO	Global X S&P 500 Covered Call ETF	10.05%	563.51M	Sep 2011	EQLI.TO vs USCC.TO
VFV.TO	Vanguard S&P 500 Index ETF	12.09%	34.09B	Nov 2012	EQLI.TO vs VFV.TO
XUSC.TO	iShares S&P 500 3% Capped Index ETF (CAD Units)	12.10%	—	Jul 2024	EQLI.TO vs XUSC.TO
EQL.TO	Invesco S&P 500 Equal Weight Index ETF CAD	12.12%	3.02B	May 2018	EQLI.TO vs EQL.TO
ZSP.TO	BMO S&P 500 Index ETF	12.23%	24.35B	Nov 2012	EQLI.TO vs ZSP.TO

Lowest Drawdown Alternatives to EQLI.TO

EQLI.TO has a 1-year max drawdown of -5.47%. No ETFs in the S&P 500 category have shallower 1-year drawdowns; the lowest-drawdown alternatives shown here go as shallow as -6.71%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
USCC.TO	Global X S&P 500 Covered Call ETF	-6.71%	563.51M	Sep 2011	EQLI.TO vs USCC.TO
EQL.TO	Invesco S&P 500 Equal Weight Index ETF CAD	-6.73%	3.02B	May 2018	EQLI.TO vs EQL.TO
XUSC.TO	iShares S&P 500 3% Capped Index ETF (CAD Units)	-7.60%	—	Jul 2024	EQLI.TO vs XUSC.TO
USCL.TO	Global X Enhanced S&P 500 Covered Call ETF	-8.56%	250.73M	Jul 2023	EQLI.TO vs USCL.TO
ZSP.TO	BMO S&P 500 Index ETF	-8.61%	24.35B	Nov 2012	EQLI.TO vs ZSP.TO

Other ETFs from Invesco

The 10 most viewed Invesco ETFs shown here include QQC.TO, QQC-F.TO, INAI.TO and span 7 categories. AUM among these funds goes as high as $4B.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
QQC.TO	Invesco NASDAQ 100 Index ETF CAD Hedged	Nasdaq-100	68	19.71%	3.73B	May 2021	EQLI.TO vs QQC.TO
QQC-F.TO	Invesco NASDAQ 100 Index ETF CAD Hedged	Nasdaq-100	51	14.50%	3.73B	May 2021	EQLI.TO vs QQC-F.TO
INAI.TO	Invesco Morningstar Global Next Gen AI Index ETF	Technology Equities	48	29.80%	—	Jan 2024	EQLI.TO vs INAI.TO
QQCI.TO	Invesco NASDAQ 100 Income Advantage ETF	Nasdaq-100	82	15.98%	63.79M	Nov 2025	EQLI.TO vs QQCI.TO
QQCE.TO	Invesco ESG NASDAQ 100 Index ETF	Nasdaq-100	67	20.51%	—	Nov 2021	EQLI.TO vs QQCE.TO
ESG.TO	Invesco S&P 500 ESG Index ETF	S&P 500, ESG	73	12.61%	1.22B	Mar 2020	EQLI.TO vs ESG.TO
TLV.TO	Invesco S&P/TSX Composite Low Volatility Index ETF	Canada Equities	97	17.90%	103.58M	Apr 2012	EQLI.TO vs TLV.TO
ESGC.TO	Invesco S&P/TSX Composite ESG Index ETF	Canada Equities, ESG	88	13.86%	—	Oct 2020	EQLI.TO vs ESGC.TO
PZW.TO	Invesco FTSE RAFI Global Small-Mid ETF	Global Equities	82	17.64%	34.80M	Jan 2018	EQLI.TO vs PZW.TO
PFL.TO	Invesco Canadian Government Floating Rate Index ET...	Canadian Government Bonds	97	1.26%	258.84M	Jul 2014	EQLI.TO vs PFL.TO

Often Compared With EQLI.TO

Investors most often compare EQLI.TO with JEPI.TO, INTY.TO, ZSP-U.TO. These 20 comparison targets span 4 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
JEPI.TO	JPMorgan US Equity Premium Income Active ETF	Derivative Income	47	6.60%	—	Sep 2024	EQLI.TO vs JEPI.TO
INTY.TO	Evolve International Equity UltraYield ETF	Derivative Income	—	—	—	Jan 2026	EQLI.TO vs INTY.TO
ZSP-U.TO	BMO S&P 500 Index ETF (USD)	S&P 500	65	10.35%	—	Nov 2012	EQLI.TO vs ZSP-U.TO
CRCY.TO	Harvest Circle Enhanced High Income Shares ETF Cla...	Derivative Income	—	-31.06%	—	Sep 2025	EQLI.TO vs CRCY.TO
BCCL.NEO	Global X Enhanced Bitcoin Covered Call ETF	Derivative Income	1	-29.74%	—	Apr 2025	EQLI.TO vs BCCL.NEO
ENCC.TO	Global X Canadian Oil and Gas Equity Covered Call ...	Derivative Income, Energy Equities	89	28.07%	714.60M	Apr 2011	EQLI.TO vs ENCC.TO
EASY.TO	Evolve All-in-One UltraYield ETF	Derivative Income	—	—	—	Mar 2026	EQLI.TO vs EASY.TO
HDIV.TO	Hamilton Enhanced Canadian Covered Call ETF	Derivative Income	95	19.24%	1.74B	Jul 2021	EQLI.TO vs HDIV.TO
GOGY.TO	Harvest Alphabet Enhanced High Income Shares ETF C...	Derivative Income	94	15.45%	—	Mar 2025	EQLI.TO vs GOGY.TO
HYLD-U.TO	Hamilton Enhanced U.S. Covered Call ETF (USD)	Derivative Income	79	16.37%	931.81M	Feb 2022	EQLI.TO vs HYLD-U.TO
UTES.TO	Evolve Canadian Utilities Enhanced Yield Index Fun...	Derivative Income	78	12.38%	431.22M	Sep 2024	EQLI.TO vs UTES.TO
JEPQ.TO	JPMorgan Nasdaq Equity Premium Income Active ETF	Nasdaq-100, Derivative Income	76	12.11%	136.22M	Sep 2024	EQLI.TO vs JEPQ.TO
BKCC.TO	Global X Equal Weight Canadian Bank Covered Call E...	Derivative Income	97	23.91%	400.33M	May 2011	EQLI.TO vs BKCC.TO
HXS.TO	Global X S&P 500 Index Corporate Class ETF	S&P 500	76	13.52%	7.49B	Nov 2010	EQLI.TO vs HXS.TO
HPYT.TO	Harvest Premium Yield Treasury ETF A	Derivative Income	13	-1.72%	360.54M	May 2024	EQLI.TO vs HPYT.TO
ECHI.TO	Ninepoint Enhanced Canadian HighShares ETF	Derivative Income	—	14.77%	—	Aug 2025	EQLI.TO vs ECHI.TO
QDAY.NEO	Hamilton EnhancedTechnology DayMAX™ ETF	Derivative Income	—	28.18%	—	Jul 2025	EQLI.TO vs QDAY.NEO
HMAX.TO	Hamilton Canadian Financials Yield Maximizer ETF	Derivative Income	96	19.85%	2.53B	Jan 2023	EQLI.TO vs HMAX.TO
ZUE.TO	BMO S&P 500 (CAD Hedged)	S&P 500	55	8.92%	4.83B	May 2009	EQLI.TO vs ZUE.TO
HHIS.TO	Harvest Diversified High Income Shares ETF	Derivative Income	22	7.91%	1.87B	Jan 2025	EQLI.TO vs HHIS.TO

Compare EQLI.TO with Any Fund or Stock

Compare EQLI.TO with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Diversifiers

Pair EQLI.TO with funds that move differently

Invesco S&P 500 Equal Weight Income Advantage ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to EQLI.TO.

Explore EQLI.TO Diversifiers

Invesco S&P 500 Equal Weight Income Advantage ETF (EQLI.TO) Alternatives